Growth IQ

Growth IQ We are specialised providers of Accounting, Bookkeeping and Business Advisory services. We provide tailored financial solutions and strategic business advice.

Do you add a surcharge when customers pay by card? From 1 October 2026, that stops.The Reserve Bank has confirmed surcha...
03/09/2026

Do you add a surcharge when customers pay by card? From 1 October 2026, that stops.

The Reserve Bank has confirmed surcharges on eftpos, Mastercard and Visa (debit and credit) are being removed. For many small businesses, that surcharge has been covering the cost of accepting cards.

That cost doesn't disappear though. It moves from your customer back to you.

The good news: the RBA is also lowering the fees banks charge you to take card payments, and small businesses are expected to gain the most.

Three things to sort before October:
✔️ Work out what accepting cards costs you now
✔️ Check your pricing still works without the surcharge
✔️ Update your point-of-sale and signage

A quick check now beats a surprise in November.

𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝗔𝗧𝗢 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 📆September is a quieter month, but there are still a few important compliance dates to keep on y...
02/09/2026

𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝗔𝗧𝗢 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 📆

September is a quieter month, but there are still a few important compliance dates to keep on your radar 👇

📅 21 September
• Lodge & pay the August 2026 BAS/IAS (monthly reporters).

📅 30 September
• PAYG withholding payment summary annual report — lodge if prepared by a registered BAS or tax agent (excluding large withholders >$1 million).
• Annual TFN withholding report 2026 — lodge if you're a trustee of a closely held trust required to withhold amounts from beneficiary payments.

✅ Save this post and set reminders so nothing slips through this month.

𝘕𝘰𝘵𝘦: 𝘠𝘰𝘶 𝘮𝘢𝘺 𝘣𝘦 𝘦𝘭𝘪𝘨𝘪𝘣𝘭𝘦 𝘧𝘰𝘳 𝘦𝘹𝘵𝘦𝘯𝘥𝘦𝘥 𝘭𝘰𝘥𝘨𝘮𝘦𝘯𝘵 𝘥𝘢𝘵𝘦𝘴 𝘸𝘩𝘦𝘯 𝘭𝘰𝘥𝘨𝘪𝘯𝘨 𝘷𝘪𝘢 𝘢 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘵𝘢𝘹 𝘰𝘳 𝘉𝘈𝘚 𝘢𝘨𝘦𝘯𝘵, 𝘴𝘶𝘤𝘩 𝘢𝘴 𝘎𝘳𝘰𝘸𝘵𝘩 𝘪𝘘. 𝘊𝘰𝘯𝘵𝘢𝘤𝘵 𝘶𝘴 𝘵𝘰 𝘧𝘪𝘯𝘥 𝘰𝘶𝘵 𝘮𝘰𝘳𝘦.

27/08/2026

A budget sets the plan for your year. But once the year is underway, it shouldn't be the only thing guiding your decisions.

Because business rarely goes exactly to plan:

⌛ Projects get delayed
📈 Costs increase
💰 Revenue doesn't always land when expected

A budget sets the direction.

A forecast tells you whether you're still on track, helping you adjust as conditions change.

Used together, they give you a clearer view of where your business is heading and whether your plans for hiring, investment, pricing, or cash flow still make sense.

Reviewing your forecast doesn't mean your budget was wrong. It means you're using today's numbers to make better decisions.

If you've already set your FY27 budget, make sure your forecast is keeping pace.

If you'd like help building both into your financial planning, we'd be happy to help.

"When should I move from being a sole trader to a company?"It's one of the most common questions we get from growing bus...
25/08/2026

"When should I move from being a sole trader to a company?"

It's one of the most common questions we get from growing business owners, and there's no magic turnover figure that says it's time.

The better question is whether your current setup still fits how your business actually operates.

It's often worth reviewing your structure if you're:
✔️ Making higher profits
✔️ Taking on staff or subcontractors
✔️ Buying significant business assets
✔️ Carrying more business risk
✔️ Planning for long-term growth or succession

Moving to a company isn't the right call for everyone. The best structure depends on your goals, your tax position, your risk, and where you're headed next.

The start of a new financial year is a practical time to check whether your structure still matches your business today.

👉 If you'd like to weigh up your options, our advisory team can help you work out whether your current structure is still the right fit. Get in touch.

🏗️ Is your business structure helping you build wealth, or just helping you run the business?As your business grows, it'...
20/08/2026

🏗️ Is your business structure helping you build wealth, or just helping you run the business?

As your business grows, it's worth asking whether your current structure still supports your goals.

The right structure can influence:
💰 How you extract profits from the business
🛡️ How well your personal assets are protected
📈 How you build wealth outside the business
👨‍👩‍👧‍👦 How you plan for the future

What worked when you first started may not be the best fit today.

👉 Swipe through the carousel to learn when it's worth reviewing your business structure and the key questions every growing business owner should ask.

If you'd like to explore how business structures can influence wealth creation, asset protection, tax outcomes, and succession planning, our blog, 'How to Build Wealth With the Right Business Structure', explains the key considerations.

📘 Read it on our website here: https://buff.ly/3NDX8O2

18/08/2026

Planning to sell your business in the next few years?

From 1 July 2027, the 50% Capital Gains Tax (CGT) discount is proposed to be replaced with cost base indexation and a 30% minimum tax on net capital gains.
That could change how much you actually walk away with after selling your business.

If you're planning to sell, restructure, or transition your business, now is the time to start understanding what these proposed changes could mean for your plans.

The proposal isn't law yet. But planning early gives you more options than reacting later.

👉 If you'd like to discuss your position, feel free to get in touch while there's still time to plan.

📲 (08) 8126 4100
📧 [email protected]

Thinking about buying another business?An acquisition can be a strong way to grow, but the purchase price is only part o...
13/08/2026

Thinking about buying another business?

An acquisition can be a strong way to grow, but the purchase price is only part of the equation.

How you fund the deal can have a major impact on cash flow, ownership, and the long-term success of the acquisition.

Some of the most common funding options include:

💠 Equity financing: raise capital by issuing shares. This reduces the need for debt, but it also dilutes your ownership.

💠 Debt financing: borrow to fund the acquisition. You keep your ownership, but you take on repayments.

💠 Mezzanine financing: a mix of debt and equity that can provide extra funding where a normal loan isn't enough.

The right option depends on your cash flow, growth plans, and the level of risk and control you're comfortable with.

If you're considering an acquisition, we'd be happy to discuss your funding options and help you assess the financial impact before you commit.

🏡💰 Should you pay down your mortgage or start investing?If you've built up surplus cash in your business, deciding what ...
11/08/2026

🏡💰 Should you pay down your mortgage or start investing?

If you've built up surplus cash in your business, deciding what to do with it isn't always straightforward.

Before making either decision, check that your business is in a strong position first.

Ask yourself:
✔ Are tax, BAS, and payroll covered?
✔ Do I have a healthy cash buffer?
✔ Can the business handle a slower month?
✔ Am I making this decision as part of a long-term wealth plan?

For many business owners, the right answer lies in finding the balance that suits your business, your family, and your financial goals, rather than choosing one over the other.

👉 Swipe through the carousel for a simple framework to help you make the decision.

📘 Want the full picture? Our blog, 'Should I Invest or Pay Down My Mortgage? Mortgage vs Investing for Business Owners', explains the key factors business owners should consider before deciding whether to invest surplus cash, reduce debt, or combine both as part of a long-term wealth strategy.

Read it here: https://buff.ly/vBdfchg

Business owners: the three months after EOFY often put more pressure on cash flow than June ever does.The end of financi...
06/08/2026

Business owners: the three months after EOFY often put more pressure on cash flow than June ever does.

The end of financial year gets all the attention. But for many businesses, the real squeeze starts in July, August, and September, when tax payments, BAS, super, and day-to-day operating costs all begin competing for cash.

Here are some of the most common post-EOFY mistakes we see:

⚠️ Spending GST and tax you've set aside (it was never really yours to spend)
⚠️ Assuming a strong June will continue into the new financial year
⚠️ Not rebuilding your cash buffer after paying tax and super
⚠️ Reinvesting surplus cash before setting aside funds for upcoming obligations
⚠️ Delaying cash flow reviews until pressure starts to build

👉 Swipe through for five areas worth reviewing now to help keep your cash flow on track.

If cash flow already feels tighter than it should, now is a good time to review why. Contact us for a confidential discussion.

𝗔𝘂𝗴𝘂𝘀𝘁 𝗔𝗧𝗢 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 📆August may be a quieter month, but there are still a few important ATO deadlines to keep on your r...
04/08/2026

𝗔𝘂𝗴𝘂𝘀𝘁 𝗔𝗧𝗢 𝗱𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 📆

August may be a quieter month, but there are still a few important ATO deadlines to keep on your radar 👇

📅 21 August
• Lodge and pay the July 2026 BAS/IAS (monthly reporters).

📅 25 August
• Q4 2025-26 activity statement. Lodge and pay if you lodge electronically.

📅 28 August
• Lodge and pay the Q4 2025-26 Superannuation Guarantee Charge (SGC) statement, if super wasn't paid on time.
❗️For Q4, late super can't be offset against the SGC. You still have to pay the full charge.
• Lodge the Taxable Payments Annual Report (TPAR), if you report payments made to contractors.

Not sure which deadlines apply to your business? Get in touch with the Growth iQ team. We're here to help.

𝘕𝘰𝘵𝘦: 𝘠𝘰𝘶 𝘮𝘢𝘺 𝘣𝘦 𝘦𝘭𝘪𝘨𝘪𝘣𝘭𝘦 𝘧𝘰𝘳 𝘦𝘹𝘵𝘦𝘯𝘥𝘦𝘥 𝘭𝘰𝘥𝘨𝘮𝘦𝘯𝘵 𝘥𝘢𝘵𝘦𝘴 𝘸𝘩𝘦𝘯 𝘭𝘰𝘥𝘨𝘪𝘯𝘨 𝘷𝘪𝘢 𝘢 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘵𝘢𝘹 𝘰𝘳 𝘉𝘈𝘚 𝘢𝘨𝘦𝘯𝘵, 𝘴𝘶𝘤𝘩 𝘢𝘴 𝘎𝘳𝘰𝘸𝘵𝘩 𝘪𝘘. 𝘊𝘰𝘯𝘵𝘢𝘤𝘵 𝘶𝘴 𝘵𝘰 𝘧𝘪𝘯𝘥 𝘰𝘶𝘵 𝘮𝘰𝘳𝘦.

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227/235 Unley Road
Adelaide, SA
5062

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